PNC DECLARES DIVIDEND OF $1.25 ON COMMON STOCK

Rhea-AI Summary

The PNC Financial Services Group declared a quarterly cash dividend of $1.25 per share on common stock payable on Feb. 5, 2022. Shareholders on record by Jan. 18, 2022 will receive the dividend. Additionally, dividends for preferred stocks include 45 cents for Series B, $973.57 for Series O, $1,531.25 for Series P, and $850.00 for Series T, with respective payment dates between Feb. 1 and March 15, 2022.

Positive

• Quarterly cash dividend of $1.25 on common stock demonstrates strong financial health.
• Consistent dividend payments across different preferred stock series reflect company stability.

Negative

• None.

PITTSBURGH, Jan. 5, 2022 /PRNewswire/ -- The board of directors of The PNC Financial Services Group, Inc. (NYSE: PNC) declared a quarterly cash dividend on the common stock of $1.25 per share. The dividend, with a payment date of Feb. 5, 2022, will be payable the next business day to shareholders of record at the close of business Jan. 18, 2022.

The board also declared a cash dividend on the following series of preferred stocks:

• Series B: a quarterly dividend of 45 cents per share will be payable March 10, 2022, to shareholders of record at the close of business Feb. 11, 2022.
• Series O: a quarterly dividend of $973.57 per share ($9.7357 per each depositary share, 100 of which represent one share of Series O preferred stock) at a quarterly rate of 0.97357%, will be payable Feb. 1, 2022, to shareholders of record at the close of business Jan. 18, 2022.
• Series P: a quarterly dividend of $1,531.25 per share ($.3828125 per each depositary share, 4,000 of which represent one share of Series P preferred stock) will be payable Feb. 1, 2022, to shareholders of record at the close of business Jan. 18, 2022.
• Series T: a quarterly dividend of $850.00 per share ($8.50 per each depositary share, 100 of which represent one share of Series T preferred stock) will be payable March 15, 2022, to shareholders of record at the close of business Feb. 28, 2022.

The PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.

CONTACTS

MEDIA:
Marcey Zwiebel
(412) 762-4550
media.relations@pnc.com

INVESTORS:
Bryan Gill
(412) 768-4143
investor.relations@pnc.com

 

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SOURCE The PNC Financial Services Group, Inc.

FAQ

What is the dividend amount declared by PNC for common stock?

PNC declared a quarterly cash dividend of $1.25 per share for common stock.

When will PNC's common stock dividend be paid?

The dividend for common stock will be paid on February 5, 2022.

What are the payment dates for PNC's preferred stock dividends?

Preferred stock dividends will be paid on various dates, including February 1 and March 10, 2022.

Who is eligible for PNC's upcoming dividends?

Shareholders of record at the close of business on January 18, 2022, are eligible for common stock dividends.

What is the significance of PNC declaring dividends?

Declaring dividends indicates PNC's financial stability and commitment to returning value to shareholders.